|
WHAT IS IT? |
|
|
• |
“Enhanced Funding” or Life Insurance Premium Finance can significantly enhance the long-term cash value accumulation of a life insurance policy. |
• |
Financing is obtained through a specialty Lender or Bank that provides a custom loan arrangement. |
• |
The annual cost or out of pocket contribution from the borrower is usually about half of the premium amount and is made between five and ten years. |
• |
The extra infusion of cash provided by financing significantly increases the cash flow from the policy in later years, even after paying back the loan. |
• |
This is different from most traditional premium financing arrangements. |